Trading under the ticker DEFI, asset manager Hashdex’s Bitcoin Futures ETF – which had been trading as a futures-based fund on the New York Stock Exchange since 2022 – was renamed and converted into the Hashdex Bitcoin ETF and now operates as a spot bitcoin fund.The futures allocation will allow DEFI to better track bitcoin prices over time and provide a more predictable creation/redemption process, the company said.
The Hashdex conversion comes over two months after the original ten spot bitcoin ETFs started trading on Jan 11. Excluding Grayscale's GBTC , BlackRock's IBIT and Fidelity's FBTC are leading the way in asset gathering, with each having more than $10 billion in assets under management. WisdomTree's BTCW is the smallest of the entrants, with 1,126 bitcoins and just shy of $80 million in AUM.
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